Mexico · Delayed Price · Currency is MXN Grupo Aeroportuario del Centro Norte Earnings Call Transcripts
Fiscal Year 2026
-
Passenger traffic grew 4.7% year-over-year, with strong domestic gains offsetting softer international demand. Adjusted EBITDA rose 2.1% to MXN 2.4 billion, while net income declined 4.1%. Tariff increases and new routes are expected to support growth in 2026.
Fiscal Year 2025
-
2025 saw strong passenger and revenue growth, with Monterrey Airport expanding international routes and commercial revenues rising across key segments. The new 2026-2030 MDP commits MXN 16 billion to capacity, quality, and sustainability, supporting long-term growth.
-
Passenger traffic grew 8% year-over-year, driving a 9.8% revenue increase and 9% EBITDA growth. Cost pressures from inflation and labor remain, but guidance anticipates 7–8% traffic growth for 2025 and low to mid-single digits for 2026.
-
Q2 2025 saw 11% passenger growth and 17% higher aeronautical revenues, with Monterrey Airport leading gains. Adjusted EBITDA rose 19% to $2.6B pesos, and net income increased 3.8%. Mid to high single-digit traffic growth is expected for the rest of 2025.
-
Passenger traffic rose 9.1% year over year, with strong growth in commercial and diversification revenues. Adjusted EBITDA margin reached 74.9%, and net income increased 19.7%. Management expects mid-single-digit traffic growth for 2025 amid macro uncertainties.
Fiscal Year 2024
-
Passenger traffic rebounded in Q4 2024, led by a 26% surge in international travelers and strong commercial revenue growth. Infrastructure expansions and sustainability milestones supported long-term positioning, while EBITDA margins remained robust in the mid-70s.
-
Passenger traffic declined 5.3% year-over-year due to aircraft recalls, but international traffic hit a record high and non-aeronautical revenues surged 19%. Adjusted EBITDA margin remained strong, and new routes plus nearshoring are expected to drive growth in 2025.
-
Passenger traffic declined 2.4% year-over-year, but international traffic rose 12% and non-aeronautical revenues grew 13.8%. Adjusted EBITDA margin reached 73.3%, with strong cargo and hotel performance, and significant investments in infrastructure and diversification.